copper

Copper hits fresh all-time high before retreating as squeeze eases

Copper futures surged to a fresh all-time high on Tuesday before pulling back sharply on Wednesday as a weeks-long market squeeze showed signs of loosening, capping a rally that has lifted mining earnings across the sector.

Copper prices test all-time highs as US tariff threat drains global inventories

Copper prices are testing all-time highs as the prospect of U.S. import tariffs reshapes global trade flows, draining inventories outside the United States even as the world produces more of the metal than it consumes.

U.S. holds 70% of global exchange copper as supply squeeze deepens

Copper prices have pulled back from a record high of $14,334 per metric ton reached on August 10, but analysts at Sprott Asset Management and Saxo Bank say the retreat is a correction within a deeper structural tightening that shows…

U.S. copper imports hit 12-year high as LME stocks plunge

U.S. importers brought in more than 200,000 tonnes of refined copper in July, the largest monthly volume in at least 12 years, as traders rushed to stockpile metal ahead of a potential tariff on refined copper imports. The surge has…

Copper hits new record as AI demand and supply squeeze intensify

Copper surged to a new all-time high on Monday, reaching as much as $6.73 per pound on US futures markets as intensifying demand from artificial intelligence infrastructure, renewable energy buildout, and a deepening supply squeeze pushed the metal into uncharted…

Copper falls as China’s July output, retail sales miss forecasts

Disappointing Chinese economic data for July sent copper prices lower and dragged on European equities on Monday, as weaker-than-expected industrial output and retail sales figures renewed concerns about demand from the world's largest metals consumer.

BHP profit jumps 30% as copper overtakes iron ore

BHP Group reported a 30% surge in full-year underlying profit to $13.20 billion, beating analyst estimates and declaring its highest annual dividend in four years, as record copper prices cemented the red metal's dominance over iron ore as the mining…

Copper prices near record highs as LME supply squeeze deepens

Copper prices surged at the start of the week as a worsening physical supply squeeze on the London Metal Exchange pushed the metal toward its all-time highs, with spot premiums over forward contracts reaching levels not seen since the historic…

LME introduces emergency measures as copper squeeze hits five-year high

Copper prices surged to record highs this week as shrinking inventories on the London Metal Exchange and mounting supply disruptions pushed the physical market into its tightest conditions in years. On August 12, Comex copper hit $6.7140 a pound —…

Codelco abandons 2026 copper production target as setbacks mount

Chile's state-owned copper miner Codelco is effectively abandoning its plan to produce 1.34 million metric tons of copper this year, shifting its focus toward profitability and debt reduction as operational setbacks continue to mount, Bloomberg reported on Wednesday.

Copper nears record highs as US, China drain global stocks

The global copper market is approaching a breaking point as simultaneous demand from the United States and China drains inventories from London Metal Exchange warehouses, pushing futures prices toward record highs and raising questions about how long the rally can…

Congo bans copper, cobalt concentrate exports

The Democratic Republic of Congo has banned exports of copper and cobalt concentrates in what Reuters described as "a major escalation of its drive to force domestic processing and retain more value from its vast mineral resources."

Copper hits record high as Congo bans concentrate exports

Copper prices surged to fresh record highs on Thursday after Reuters reported that the Democratic Republic of Congo has banned exports of copper and cobalt concentrates, adding to a cascade of supply disruptions that have propelled the metal more than…

Copper hits record high on tariff bets, supply crunch

Copper futures surged to a fresh all-time high on Wednesday, as speculation over US tariffs on imports and tightening global supplies drove the industrial metal to its best levels ever recorded on the Comex exchange.

Copper nears $14,000 as record US imports drain global supply

Copper climbed to its highest level in two months on the London Metal Exchange, approaching $14,000 a ton on Monday, as a record wave of imports into the United States drained supply from the rest of the world ahead of…

Copper surges within 1% of all-time high on AI demand

Copper prices climbed to within striking distance of their all-time highs on Monday, driven by intensifying demand from artificial intelligence infrastructure buildouts in the United States and China that have tightened an already constrained global supply picture.

Chile posts weakest Q2 copper output in 19 years

Chile registered its weakest second-quarter copper production in data going back to 2007, with output falling 7.7% year-on-year to 1.27 million metric tons, according to calculations based on monthly data published Friday by the country's statistics bureau. The figures underscore…

Copper surges toward record high as supply squeeze lifts mining stocks

Copper futures jumped as much as 2.9% on Thursday, driven by mounting evidence of physical market tightness and relief that the U.S. Federal Reserve held interest rates steady, pushing the metal within striking distance of its record high and sending…

Glencore, Rio Tinto post bumper H1 results amid commodity boom

Two of the world's largest mining companies reported robust first-half results on Wednesday, buoyed by elevated commodity prices, rising production, and extreme market volatility tied to the ongoing conflict in the Middle East.

Rio Tinto profit jumps 47% as copper revenues surge

Rio Tinto on Wednesday reported its highest half-year profit in four years, with net earnings rising 47% to $6.7 billion for the six months ended June 30, driven by surging copper revenues and higher production across its key commodities.

Copper prices rise as US-Iran strike pause lifts markets

Copper prices climbed on Monday after oil prices fell sharply following a pause in hostilities between the United States and Iran, easing concerns about energy-driven inflation and its drag on global economic growth.

Chile unveils $100 billion copper plan to diversify beyond China

Chilean Foreign Affairs Minister Francisco Pérez Mackenna announced on Wednesday that Chile aims to attract roughly US$100 billion in copper industry investments over the next decade, as the world's largest copper producer seeks to reduce its dependence on China and…

Copper, base metals slide as US-Iran crisis reignites

Base metals including copper came under pressure on Monday as a fresh escalation in US-Iran hostilities reignited concerns about global economic growth and the outlook for industrial demand. The pullback in growth-sensitive commodities came after Iran again declared the Strait…

Ferrari and BMW switch to aluminum wiring as copper prices hit records

Ferrari and BMW Bayerische Motoren Werke AG are rolling out new models with aluminium wiring, joining Tesla and several Chinese electric vehicle makers in an industry-wide shift away from copper that could reshape demand for one of the world's most…

Goldman Sachs says commodity cycle is shifting from oil to metals

Goldman Sachs's The Goldman Sachs Group, Inc. commodities team published a note on Sunday evening arguing that the era of supply shocks in raw materials will persist well beyond the historic disruption caused by the Iran war, with demand increasingly…